To reach financial freedom, a common hurdle is understanding financial and investing terminology. The language is odd and the concepts complex, making people doubt their abilities. In reality, this challenge is a manageable one; and with help from Young Money University, it can be a hurdle you can step over with ease!
To get started, we’ll cover two important terms to understand related to investing: Exchange-traded funds (ETFs) and mutual funds. Both are forms of pooled investing, giving investors the opportunity to build a diversified investing portfolio. As a result, both types of funds will have a large number of assets within their specific fund.
We’ll provide you with more in-depth definitions and key attributes of each kind of fund and highlight their key difference, providing you with the information necessary to determine which is best for you and your investment goals.
An exchange-traded fund is a type of pooled...